A normal good is one:A) whose amount demanded will increase as its price decreases.B) whose amount demanded will increase as its price increases.C) whose demand curve will shift leftward as incomes rise.D) for which the consumption varies directly with income.

Question

A normal good is one:A)  whose amount demanded will increase as its price decreases.B)  whose amount demanded will increase as its price increases.C)  whose demand curve will shift leftward as incomes rise.D)  for which the consumption varies directly with income.

Trang Nguyen · Accepted Answer

Final Answer : D, Explanation :  A normal good is one for which demand increases as income increases, meaning people buy more of the good as they become wealthier. Choices A and B describe the law of demand and a Giffen good, respectively, while C describes an inferior good.

A normal good is one:

A) whose amount demanded will increase as its price decreases.
B) whose amount demanded will increase as its price increases.
C) whose demand curve will shift leftward as incomes rise.
D) for which the consumption varies directly with income.

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